Apple (AAPL 0.70%) has announced that it is growing the tools in the Wallet app with a savings account. That’s a big win for savers but could make Apple’s products even stickier. Travis Hoium highlights why this is a great move for Apple and its shareholders.
*Stock prices used were end-of-day prices of April 17, 2023. The video was published on April 19, 2023.
Travis Hoium has positions in Apple and Block. The Motley Fool has positions in and recommends Apple, Block, and Goldman Sachs Group. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.